The Province has put together their list of the Top 5 Canadian companies and RIM is at the top of their list. Here is what they had to say about the company:
Research in Motion
When its executives aren’t trying to repatriate the Phoenix Coyotes, they’re busy making and marketing the BlackBerry smart phone.
Founded by Mike Lazaridis in 1984 in Waterloo, Ont., RIM has seen its share of ups and downs. Patent disputes and stock-option scandals have both made headlines for the wrong reasons. But when the president of the United States is rarely seen without your product, you know you’ve got something to sell to the world.
With annual revenue of approximately $11 billion for fiscal 2009 and with more than 12,000 employees, RIM has proven that Canadian companies can compete in technology.
RIM faces some tough competition in the smart-phone domain, including heavyweights Apple and Palm, but analysts expect its market share to grow into next year and beyond.
Recent polls have indicated that the majority of consumers who plan on buying a smart phone in the near future intend to buy a BlackBerry.
The only problem I have with the Top 5 is that the list included companies from unrelated markets. The next company on the list is Boston Pizza, which I had no idea was Canadian. I would love to see the Top 5 Canadian High Tech Companies.